Investor Presentaiton
•
Flagship Kopsa Project
Kopsa has near-surface existing resources, a mining concession that is
conditionally approved, and a 31km² land package¹
Kopsa has been explored by multiple groups, including:
Outokumpu up to 1982, Belvedere Resources between 2002 and
2015 and Fennia Gold (FG) between 2017 and September 2021.
Northgold completed updated JORC-compliant mineral resource estimate
in 2024, resulting in 585,100 oz Au and 749,500 oz AuEq.
Belvedere Resources contracted SRK to prepare NI 43-101 PEA, released in
2013.
PEA economics for open pit production with off-site processing were
positive at a gold price of USD 1,200/oz and copper price of USD
2.72/lb from initial capex under USD 50 million. Gold and copper
prices are currently significantly higher (above $2,000/oz Au and
$3.75/lb Cu), suggesting much improved economics today.
Kopsa outcrops to surface with majority of contained gold resource
ounces in the top 50m.
Pirttijärvi
Pitkäjärvi
Norssinjärvi (Cu, held by others)
☐
Kangaskylä (held by others)
о
Ahveroinen (held by others).
о
Q
Katajaneva
Figure: Kopsa Tenement Map
1 Land package refer to areas where exploration permits are either granted or under application. See Slide 24 for details.
Lehto (held by others)
°
Sorola (Cu)
Kopsa
Mining permit / mining concession
Active
Exploration permit / claim
Active
Application
Mineral occurrences / prospects
Gold
Other commodity
REISJÄRVI
0
Near-term upside potential at Kopsa:
Resource growth and new discoveries along
parallel structures.
Higher gold prices and optimized resource
model & pit shell
XRT ore sorting technology shows potential to
improve grade profile.
18
HAAPAJÄRVI
Northgold
10 kmView entire presentation